Tariq Ahmad’s business recorded the following transactions during the week
ended 7 May. Show how they would appear in the Day Books, the personal ledgers
(Receivables Ledger and Payables Ledger) and the General Ledger.

Question

1 May Invoices received from C. Moss £630, J. Carter £419 and A. McKeane
£330
2 May Invoices sent to K. Palfreyman £199 and L. Patel £870
3 May Invoice received from A. Iqbal £560 and A. McKeane £210
4 May Tariq Ahmad returned goods worth £80 to J. Carter
5 May L. Patel returned goods to Tariq Ahmad which cost £62
6 May Tariq Ahmad paid the amount owing to J. Carter, and L. Patel paid in full
7 May Tariq Ahmad returned goods worth £40 to A. Iqbal

Accepted Answer

Tariq Ahmad’s business

Date	Details	£
1 May	C. Moss	630
	J. Carter	419
	A. McKeane	330
3 May	A. Iqbal	560
	A. McKeane	210
		2,149

Sales Day Book
Date	Details	£
2 May	K. Palfreyman	199
	L. Patel	870
		1,069

Purchases Returns Day Book
Date	Details	£
4 May	J. Carter	80
7 May	A. Iqbal	40
		120

Sales Returns Day Book
Date	Details	£
5 May	L. Patel	62
		62

Payables Ledger

C. Moss account
Date	Details	Debit	Credit	Balance
1 May	Invoice		630	630 Cr

J. Carter account
Date	Details	Debit	Credit	Balance
1 May	Invoice		419	419 Cr
4 May	Purchases returns	80		339 Cr
6 May	Bank	339		-

A. McKeane account
Date	Details	Debit	Credit	Balance
1 May	Invoice		230	330 Cr
3 May	Invoice		210	540 Cr

A. Iqbal account
Date	Details	Debit	Credit	Balance
3 May	Invoice		560	560 Cr
7 May	Purchases returns	40		520 Cr

Receivables Ledger

K. Palfreyman account
Date	Details	Debit	Credit	Balance
2 May	Invoice	199		199 Dr

L. Patel account
Date	Details	Debit	Credit	Balance
2 May	Invoice	870		870 Dr
5 May	Sales returns		62	808 Dr
6 May	Bank		808	-

General Ledger

Bank account
Date	Details	Debit	Credit	Balance
6 May	L. Patel	808		808 Dr
	J. Carter		339	469 Dr

Sales account
Date	Details	Debit	Credit	Balance
7 May	Sales Day Book (total invoices)		1,069	1,069 Cr

Purchases account
Date	Details	Debit	Credit	Balance
7 May	Purchases Day Book (total invoices)	2,149		2,149 Dr

Purchases Returns account
Date	Details	Debit	Credit	Balance
7 May	Purchases Returns Day Book (total returns)		120	120 Cr

Question 2.st.5: Tariq Ahmad’s business recorded the following transactions d...

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